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20121204
20121204
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with president obama's latest ideas for getting past the standoff with house republicans. he now says there isn't enough time left to do a comprehensive deal, including tax reform, fixing medicare. so he wants congress to raise tax rates for the wealthy right now and putting off the hard work to next year. they have 28 days left to make a deal before the country hits what's called the fiscal cliff. that's a combination of across the board tax increases for everyone, coupled with cuts in spending like defense, education, health care, and housing assistance. let's go live to our chief white house correspondent jessica yellin with the very latest. jessica? >> reporter: president obama has now personally turned down speaker boehner's opening offer to avert the fiscal cliff. he did it in a tv interview. what does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> unfortunately, the speaker's proposal right now is still out of balance. he talks about $800 billion worth of revenues but says he's going to do that by lowering rates. when you look at the math, it doesn't wo
the republicans are offering. if you look at spending, the republicans run about twice what obama is offering. they got to figure out how to come together on this. they're arguing over rates or deductions, which makes no sense. i mean, it's like you want to go on a trip. we decide we're going on a trip together. we're going to argue about whether we're taking a bus or a train. just figure out how much money you want from revenue, figure out who you're going to get it from, figure out how you're going to protect people, then figure out the formulas. >> and the white house wants the money to come from a specific place. he doesn't necessarily want $1.6 trillion clean. he wants it to come from higher tax rates. >> and i think it's fine say where you want to get the $1.6 trillion or $800 billion from. you ought to just call -- i want to get it from people who make more than $250,000 as opposed to trying to lock people into a formula. what you really need is money. >> you put it so simply, as if it's easy. i guess it is. i don't know why they're having such a difficult time with that. let me get yo
obama said there would be no deal to avert an economic plunge unless republicans agree to increase taxes on the wealthiest americans. and nato agreed to deploy patriot missiles in turkey to defend against syrian shells and rockets that cross the border. online, historian michael beschloss offers a snapshot of an ailing lyndon johnson, days before the former president's death. hari sreenivasan has the story. >> sreenivasan: 40 years ago this month, the man who would be remembered as an architect of the vietnam war agonized over his legacy. we have a glimpse into l.b.j.'s final months with a recording of a phone conversation he had with then-president richard nixon. you can listen to it on the rundown. and on the business desk, we answer the most frequently asked question from our "ask the headhunter" series: how do you get noticed by your dream employer? all that and more is on our web site, newshour.pbs.org. gwen? >> ifill: and that's the newshour for tonight. on wednesday, we'll examine how rising carbon dioxide levels are affecting florida's coral reefs. i'm gwen ifill. >> woodruff: an
leaked to the reuters news agency that on president obama's short list for defense secretary is the republican, former republican senator, chuck hagel. it is interesting that, today, the white house is doing some leaking to news agencies. reuters cited an administration official, that is all we know, but chuck hagel is on the short list. and the white house says reuters and us plans to announce the new defense secretary and secretary of state, some time over the next two weeks. >> too little, too late; president obama's response to the g.o.p. plan to avoid the cliffally. in an interview with blomberg tv the president said there is not enough time to pull off the republican's proposal that overhauls the tax system and entitlements at tate days from going over the fiscal cliff which is called the series of spending cuts and expiring tax breaks which would be an economic disaster. the sticking point is the call for higher taxes for families, higher taxes on amounts earned above $250,000. everyone gets the tax cut, the first $250,000 is not taxable only but that. the president sa
of republican and democratic governors submerging from the west wing after the meeting with president obama with the message to fix the fiscal cliff. the democrats and republicans refuse to either endorse or dismiss either of the plans out there. the one floated by the white house and the one that house republicans floated yesterday. that, of course, the latest plan in washington, $800 billion in tax revenue increases, a trillion cuts in spending, including entitlements. it's a plan that was partially taken from the former chief of staff for president bill clinton, one that the republicans put out yesterday, and it's one that democrats roundly rejected. >> republicans' plan, on the other hand, is more of the same. not only does it balance the budget on the backs of the middle class, but voids the promise to seniors with cuts to social security and medicare all to pay for handouts to the rich. at least we know where they stand. >> republicans are willing to make sure we don't go over the cliff, but, at the same time, don't harm the economy. what has to happen, the president needs to show lea
have to rise on the top 2%. there's no other way to do it. >> reporter: president obama says his plan will raise taxes on the rich, bringing in $1.6 trillion. republicans want to close tax loopholes and eliminate deductions, which they say will raise $800 billion in new revenue. >> the president has a huge responsibility to work together with congress and find a solution to avert the fiscal cliff. >> reporter: and they say it's now up to the president to find a plan that can pass both chambers of congress. so now that each side has rejected the other's first offer, it's going to be interesting and important to watch the timing of the next offer on the part of the white house to really try to figure out, terrell, how far both sides are willing to take us toward that cliff. >> and which side has the edge at this point. susan mcginnis in washington this morning. thank you so much. >>> iran says this morning it's captured a united states drone flying over iranian air space. the drone was reportedly gathering information over the persian gulf when it was captured by iranian naval units. in
jong and sandusky. captioning funded by cbs republicans seem to be at a standstill. >> on monday gop leaders made their counter offer to president obama and officials quickly dismissed it. major garrett is at the white house this morning. good morning. >> reporter: good morning, charlie and norah. there's no prospect for a deal and not much talking going on either. for the first time there are numbers on the pieces of paper from the white house and the congressional republicans. there are disagreements from both sides of how serious those numbers are. for the first time there are boundaries to find agreement in the middle if those numbers yield themselves to politics. republicans put their plan in writing. the white house says it should have saved the paper and ink. republicans remain opposed to raising income tax rates. overall, their plan is lighter on taxes and heavier on spending ing cuts than the white house prefers. gop offered $800 billion in tax increases by eliminating or reducing unspecified deductions. $600 billion in entitlement cuts and $300 billio
to muddle through this. the democrats have a proposal on the table. the republicans say it is not serious. republicans have a proposal on the table. democrats say it is not serious. now a new line in the sand from president obama, this from an interview with bloomberg tv a short while ago saying we're going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. the president hadn't gone there before. perhaps there was perhaps a wiggle room following thought. still there is no line in the sand how much rates have to go up. the white house position is that they must go back to clinton rates for top earners. that is nearly 40% on amounts of more than $250,000 a year. republicans have put $800 billion of unspecified tax revenue on the table but they're saying no to a tax rate increase. democrats have said no to that proposal.% in response to that a spokesman for house speaker john boehner saying despite republicans offer to put real revenue on the table the president has offered no concessions whatsoever. when will this willingness to compromise
goddess market to buy monica crowley and republican strategist. thank you for joining yes. both of you. first up, i love this story. the ambassador wears product. president obama is considering nominating a very fashionable 84 ambassador in the u.k. or france. though the editor, in case you had not guessed, a spokeswoman says she is not interested in diplomacy. very happy with her current job. one thing that she is known for its use of the double wears product is diplomacy. and obviously very diplomatic. >> i don't think so. this is the way politics is done if you are a big donor or bumbler for a successful presidential candidates, you usually get rewarded with these kinds of jobs. you are correct to point out that this woman is known for her frosted demeanor. i think the war special relationship between the u.s. and great britain might go down the tubes. >> ambassadors have to be nice. and that is a prerequisite. again, this is a woman. absolutely right. she raised $7 million for the obama campaign which certainly gets you consideration, but a woman his magaziie featured one of the mo
Search Results 0 to 8 of about 9